Digital currencies have raised a lot of hype in the past year, and the world went crazy over bitcoin. But, many investors are still insecure, considering its sudden drop. But, again, the bitcoin and Ethereum remain the hottest investment because people are hoping they can earn big money. If you are one of them and …

A cryptocurrency, also known as digital currency, is created and managed through the use of encryption techniques and methods called cryptography. It all started with the creation of Bitcoin in 2009. Back then, a rare number of people knew about the existence of Bitcoin, until it captured the significant media attention in 2013. Nowadays, the …

In the last couple of months, a lot of people have started thinking about cryptocurrencies, ever since Bitcoin hit the roof and reached the price at almost $18,000. But, if you are an average trader, should you risk everything and put your money on the market? We all have been witnesses of a sudden Bitcoin …

A cryptocurrency is a form of investment that has taken the world by surprise, and now many investors are thinking about putting their money in coins. The most significant example we have so far is Bitcoin, which has reached the remarkable price in the last year. But, are you willing to risk and put your …

We have an impression that 2018 will be the years if digital currencies. The new millions are being made as we speak and investors are interested in all forms of cryptocurrency, such as Ethereum, Bitcoin, NEO, Litecoin, Ripple, and others. This has become a modern-day gold rush, and many people have gone crazy over digital …

How to buy your first cryptocurrency coins?

We have an impression that 2018 will be the years if digital currencies. The new millions are being made as we speak and investors are interested in all forms of cryptocurrency, such as Ethereum, Bitcoin, NEO, Litecoin, Ripple, and others. This has become a modern-day gold rush, and many people have gone crazy over digital currencies. Now bitcoin is now worth thousands of dollars, which is an impressive amount. For coins that once worth a couple of pennies, now investors have made serious money.

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Bitcoin might the oldest cryptocurrency, but it’s not the only one on the market. In fact, many people who are just starting with the trade are focusing their attention on Ethereum. This digital currency has had the most significant gain the previous year, and recently this has become the first choice for investors, considering the price of bitcoin. Ethereum is also one of the first cryptocurrencies that many major companies such as Samsung, Microsoft, and JPMorgan Chace supported. Considering that its price was only 12 dollars last year, now the price of Ethereum is a couple of hundreds of dollars. In this case, Ethereum is slowly but surely making the significant gain.

But, Ethereum is not the only digital currency you can trade, but, it’s definitely the most promising one. There are others that might spike your attention. But, you need to choose the cryptocurrency that has a future on digital market and in some cases, you will have to wait a couple of years until your investment becomes valuable.

How to purchase your first coins?

This procedure is confusing for the majority of people, especially if you are an average trader. The digital currencies aren’t stocks or a typical investment. Considering that this is a new form of investment, a lot of people still don’t have experience. In this case, you don’t get shares, but digital coins. A lot of experts think that coins are a better solution than paper money because they are supporting a more significant cause.

For traders who are living in the U.S. Coinbase is the most comfortable option to buy digital coins. Here you can buy Ethereum, Litecoin, and Bitcoin, but the platform doesn’t support other currencies, yet. Once you verify your account and choose the method of payment, which includes credit or debit card, U.S. bank account or wire transfer. In most cases, you need to verify your account with a driver’s license and this exchange doesn’t ask for your ID and once you make a transaction, you can’t reverse it.

On the other hand, if you are looking some other digital currencies, that cost less money, you can try with NEO, but it hasn’t made any significant progress. If you own Bitcoins or Ethereum, you can exchange them with any other digital currencies that interest you. If you are outside the U.S., you can try with other exchanges, but our advice would be to avoid Asian exchanges because no one will guarantee you security.